ENGIE, Ferrostaal, the Danish Climate Investment Fund and Mongolian entrepreneur Radnaabazar Davaanyam have reached financial close to build and operate the 55 MW, Vestas-powered Sainshand wind park in Mongolia.
The project, located at Sainshand Soum in the Dornogobi Province, is set be Mongolia’s third and largest wind park, as well as the second featuring Vestas turbines. Specifically, Sainshand will feature 25 V110-2.0 MW turbines in 2.2 MW power-optimized mode. Long-term financing is being provided by the European Investment Bank and the European Bank for Reconstruction and Development.
“Mongolia has begun the journey away from an energy mix dominated by thermal power, and with its strong wind resources, the market is growing fast and becoming very competitive,” states Clive Turton, president of Vestas Asia Pacific.
The order also includes supply and supervision of turbine installation, a 15-year Active Output Management 4000 service contract and VestasOnline Business SCADA. Turbine delivery, as well as commissioning, is expected for the first half of 2018.
”Mongolia is facing an energy challenge due to increasing demand from industrialization and urbanization,” adds Benoit Ribesse, CEO of ENGIE Mongolia. “As our first renewable energy project in Mongolia, ENGIE’s investment in the Sainshand wind farm is consistent with our vision of leading the global energy transition, and the drive for decarbonization will significantly contribute to powering the country’s energy needs. We look forward to partnering with Vestas to support the Mongolian community – environmentally, socially and economically.”